UFC athlete insurance sky high for debut event in NYC

Madison Square Garden New York City athlete insurance

The organization spent millions to make MMA legal within the state and will now face high premiums. The UFC won its lobby to legalize mixed martial arts in New York but athlete insurance in the state is proving to be costly. It has already spent millions of dollars just to be able to hold events in New York. Now that it is facing its debut event in NYC, the state’s unique coverage regulations are driving up costsw. The state requires $1 million in traumatic brain injury insurance coverage for each…

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Insurance news from Lac-Mégantic means higher costs for railways

Insurance news Lac Megantic train derailment

The Canadian Transportation Agency is now conducting a review of minimum coverage amounts. Following the railway disaster in Lac-Mégantic, Quebec, Canada, the Canadian Transportation Agency (CTA) is making insurance news by holding a review of the minimum coverage amounts that railways must carry. The coverage at the Lac-Mégantic crash was covered only to a small fraction of the total estimated damages. The federal regulators added to their insurance news announcement by saying that they will be starting consultations on coverage for railway companies in the next few months. The review…

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